Research,)Technology)Transfer)and)Entrepreneurship ... ·...
Transcript of Research,)Technology)Transfer)and)Entrepreneurship ... ·...
![Page 1: Research,)Technology)Transfer)and)Entrepreneurship ... · State’ini3aves’have’spurred’highFtech’company’growth’ 1999 Kentucky) Science& Technology) Strategy 2000 Kentucky)](https://reader033.fdocuments.us/reader033/viewer/2022052010/601ff124cad6e068516326cc/html5/thumbnails/1.jpg)
Research, Technology Transfer and Entrepreneurship: Collabora:ve Efforts to Promote Technology-‐based Economic Development in the Bluegrass
Assistant Vice President Commercializa3on & Economic
Development
Bluegrass Business Development Partnership
Taunya Phillips Walker
![Page 2: Research,)Technology)Transfer)and)Entrepreneurship ... · State’ini3aves’have’spurred’highFtech’company’growth’ 1999 Kentucky) Science& Technology) Strategy 2000 Kentucky)](https://reader033.fdocuments.us/reader033/viewer/2022052010/601ff124cad6e068516326cc/html5/thumbnails/2.jpg)
Bluegrass Business Development Partnership
State Ini3a3ves
The University of Kentucky
The Bluegrass Business Development Partnership
Outline
Impact
![Page 3: Research,)Technology)Transfer)and)Entrepreneurship ... · State’ini3aves’have’spurred’highFtech’company’growth’ 1999 Kentucky) Science& Technology) Strategy 2000 Kentucky)](https://reader033.fdocuments.us/reader033/viewer/2022052010/601ff124cad6e068516326cc/html5/thumbnails/3.jpg)
State ini3a3ves have spurred high-‐tech company growth
1999 Kentucky Science & Technology Strategy
2000 Kentucky InnovaAon Act (KIA)
KY EPSCoR $25,249,541 $927,670,000
KY Science & Engineering Fund (KSEF)
$16,404,708 $211,127,000
KY Commercializa3on Fund (KCF)
$5,848,405 $13,750,000
KY Enterprise Fund (KEF)
$31,865,039 $3,090,000
Innova3on Network (ICCs)
$15,968,402
KY New Energy Ventures (KNEV)
$3,190,000 $16,484,000
Total $98,762,095 $1,714,441,000
IniAaAve State
Invested* Returned
Source: www.kyepscor.org
*Program incep:on through 2011
• KY EPSCoR • KSTC • State government • KY’s state colleges and
universi3es • Private sector
![Page 4: Research,)Technology)Transfer)and)Entrepreneurship ... · State’ini3aves’have’spurred’highFtech’company’growth’ 1999 Kentucky) Science& Technology) Strategy 2000 Kentucky)](https://reader033.fdocuments.us/reader033/viewer/2022052010/601ff124cad6e068516326cc/html5/thumbnails/4.jpg)
The SBIR-‐STTR Matching Program has become the most well-‐known of the KIA ini3a3ves
Up to $150K for Phase 1 SBIR-‐STTR grants
Up to $500K for Phase 2 SBIR-‐STTR grants
![Page 5: Research,)Technology)Transfer)and)Entrepreneurship ... · State’ini3aves’have’spurred’highFtech’company’growth’ 1999 Kentucky) Science& Technology) Strategy 2000 Kentucky)](https://reader033.fdocuments.us/reader033/viewer/2022052010/601ff124cad6e068516326cc/html5/thumbnails/5.jpg)
The SBIR-‐STTR Matching Program has become the most well-‐known of the KIA ini3a3ves
Up to $150K for Phase 1 SBIR-‐STTR grants
Up to $500K for Phase 2 SBIR-‐STTR grants
• $41,424,685 in awards • 172 grants • 20 companies relocated
Through 2012
![Page 6: Research,)Technology)Transfer)and)Entrepreneurship ... · State’ini3aves’have’spurred’highFtech’company’growth’ 1999 Kentucky) Science& Technology) Strategy 2000 Kentucky)](https://reader033.fdocuments.us/reader033/viewer/2022052010/601ff124cad6e068516326cc/html5/thumbnails/6.jpg)
The University of Kentucky has been an economic engine for high-‐tech company growth in the Bluegrass
University Research
Technology Transfer
Campus Incubator
Research Campus
Business Development
![Page 7: Research,)Technology)Transfer)and)Entrepreneurship ... · State’ini3aves’have’spurred’highFtech’company’growth’ 1999 Kentucky) Science& Technology) Strategy 2000 Kentucky)](https://reader033.fdocuments.us/reader033/viewer/2022052010/601ff124cad6e068516326cc/html5/thumbnails/7.jpg)
The University of Kentucky has been an economic engine for high-‐tech company growth in the Bluegrass
University Research
Technology Transfer
Campus Incubator
Research Campus
Business Development
![Page 8: Research,)Technology)Transfer)and)Entrepreneurship ... · State’ini3aves’have’spurred’highFtech’company’growth’ 1999 Kentucky) Science& Technology) Strategy 2000 Kentucky)](https://reader033.fdocuments.us/reader033/viewer/2022052010/601ff124cad6e068516326cc/html5/thumbnails/8.jpg)
University of Kentucky Research 2013
![Page 9: Research,)Technology)Transfer)and)Entrepreneurship ... · State’ini3aves’have’spurred’highFtech’company’growth’ 1999 Kentucky) Science& Technology) Strategy 2000 Kentucky)](https://reader033.fdocuments.us/reader033/viewer/2022052010/601ff124cad6e068516326cc/html5/thumbnails/9.jpg)
University of Kentucky Research 2013
![Page 10: Research,)Technology)Transfer)and)Entrepreneurship ... · State’ini3aves’have’spurred’highFtech’company’growth’ 1999 Kentucky) Science& Technology) Strategy 2000 Kentucky)](https://reader033.fdocuments.us/reader033/viewer/2022052010/601ff124cad6e068516326cc/html5/thumbnails/10.jpg)
University of Kentucky Research 2013
• Biofuels
• Energy genera3on and storage
• Environmental sustainability
• Renewable energy
• Visualiza3on and imaging
• Equine Health
• Agricultural biotech
• Biomedical engineering
• Diagnos3cs and therapeu3cs
• Drug design, development, and delivery
• Plant-‐made pharmaceu3cals
Research Focus Areas
![Page 11: Research,)Technology)Transfer)and)Entrepreneurship ... · State’ini3aves’have’spurred’highFtech’company’growth’ 1999 Kentucky) Science& Technology) Strategy 2000 Kentucky)](https://reader033.fdocuments.us/reader033/viewer/2022052010/601ff124cad6e068516326cc/html5/thumbnails/11.jpg)
Key Research Centers
• Markey Cancer Center – NCI-‐designated
• Sanders-‐Brown Center on Aging – Federally funded Alzheimer’s research
• Center for Clinical & Transla3onal Science – Federally funded
• Center for Applied Energy Research – Energy Research
• Kentucky-‐Argonne Center – BaLery Manufacturing Research &
Development
![Page 12: Research,)Technology)Transfer)and)Entrepreneurship ... · State’ini3aves’have’spurred’highFtech’company’growth’ 1999 Kentucky) Science& Technology) Strategy 2000 Kentucky)](https://reader033.fdocuments.us/reader033/viewer/2022052010/601ff124cad6e068516326cc/html5/thumbnails/12.jpg)
The University of Kentucky has been an economic engine for high-‐tech company growth in the Bluegrass
University Research
Technology Transfer
Campus Incubator
Research Campus
Business Development
![Page 13: Research,)Technology)Transfer)and)Entrepreneurship ... · State’ini3aves’have’spurred’highFtech’company’growth’ 1999 Kentucky) Science& Technology) Strategy 2000 Kentucky)](https://reader033.fdocuments.us/reader033/viewer/2022052010/601ff124cad6e068516326cc/html5/thumbnails/13.jpg)
2013 Technology Transfer Stats
$4.8M Licensing Revenue
58 Disclosures
313 AcAve Patents
17 patent applicaAons
30 Patents Issued
9 New License
Agreements (3 startups)
![Page 14: Research,)Technology)Transfer)and)Entrepreneurship ... · State’ini3aves’have’spurred’highFtech’company’growth’ 1999 Kentucky) Science& Technology) Strategy 2000 Kentucky)](https://reader033.fdocuments.us/reader033/viewer/2022052010/601ff124cad6e068516326cc/html5/thumbnails/14.jpg)
The University of Kentucky has been an economic engine for high-‐tech company growth in the Bluegrass
University Research
Technology Transfer
Campus Incubator
Research Campus
Business Development
![Page 15: Research,)Technology)Transfer)and)Entrepreneurship ... · State’ini3aves’have’spurred’highFtech’company’growth’ 1999 Kentucky) Science& Technology) Strategy 2000 Kentucky)](https://reader033.fdocuments.us/reader033/viewer/2022052010/601ff124cad6e068516326cc/html5/thumbnails/15.jpg)
Advanced Science & Technology Commercializa3on Center
• Access to shared resources
• Houses the Tech Transfer Office
• Built in 1994
• 80,000 s.f.
• 18 Startups
• 13 Faculty labs
• 42 graduates since 1994
![Page 16: Research,)Technology)Transfer)and)Entrepreneurship ... · State’ini3aves’have’spurred’highFtech’company’growth’ 1999 Kentucky) Science& Technology) Strategy 2000 Kentucky)](https://reader033.fdocuments.us/reader033/viewer/2022052010/601ff124cad6e068516326cc/html5/thumbnails/16.jpg)
The University of Kentucky has been an economic engine for high-‐tech company growth in the Bluegrass
University Research
Technology Transfer
Campus Incubator
Coldstream Research Campus
Business Development
![Page 17: Research,)Technology)Transfer)and)Entrepreneurship ... · State’ini3aves’have’spurred’highFtech’company’growth’ 1999 Kentucky) Science& Technology) Strategy 2000 Kentucky)](https://reader033.fdocuments.us/reader033/viewer/2022052010/601ff124cad6e068516326cc/html5/thumbnails/17.jpg)
Coldstream Research Campus
• 735 acres
• 10 minutes from UK
• 62 organiza3ons
• 20 buildings
• 2,000+ employees
• $115 million annual payroll
• $860,000 in property taxes
• Ideal loca3on at I-‐75/I-‐64
![Page 18: Research,)Technology)Transfer)and)Entrepreneurship ... · State’ini3aves’have’spurred’highFtech’company’growth’ 1999 Kentucky) Science& Technology) Strategy 2000 Kentucky)](https://reader033.fdocuments.us/reader033/viewer/2022052010/601ff124cad6e068516326cc/html5/thumbnails/18.jpg)
The University of Kentucky has been an economic engine for high-‐tech company growth in the Bluegrass Region
University Research
Technology Transfer
Campus Incubator
Research Campus
Business Development
![Page 19: Research,)Technology)Transfer)and)Entrepreneurship ... · State’ini3aves’have’spurred’highFtech’company’growth’ 1999 Kentucky) Science& Technology) Strategy 2000 Kentucky)](https://reader033.fdocuments.us/reader033/viewer/2022052010/601ff124cad6e068516326cc/html5/thumbnails/19.jpg)
The Bluegrass Business Development Partnership links entrepreneurs and businesses to resources
Bluegrass Business Development Partnership
• Business Planning • Connec3ons to resources • Connec3ons to funding • Entrepreneurial culture
• Lexington Venture Club • Who Got The Money? • 5 Across • Geeks Night Out
![Page 20: Research,)Technology)Transfer)and)Entrepreneurship ... · State’ini3aves’have’spurred’highFtech’company’growth’ 1999 Kentucky) Science& Technology) Strategy 2000 Kentucky)](https://reader033.fdocuments.us/reader033/viewer/2022052010/601ff124cad6e068516326cc/html5/thumbnails/20.jpg)
The Bluegrass Business Development Partnership links entrepreneurs and businesses to resources
Bluegrass Business Development Partnership
• Registering as a KY company • Loca3ng lab or office space • Tax incen3ves • Grant programs
• Connec3ons to UK services and/or researchers
• Connec3ons to angel investors and venture capital
• Local entrepreneurial ac3vi3es
Typical BBDP-‐Client Mee3ng Topics
![Page 21: Research,)Technology)Transfer)and)Entrepreneurship ... · State’ini3aves’have’spurred’highFtech’company’growth’ 1999 Kentucky) Science& Technology) Strategy 2000 Kentucky)](https://reader033.fdocuments.us/reader033/viewer/2022052010/601ff124cad6e068516326cc/html5/thumbnails/21.jpg)
The Bluegrass Business Development Partnership links entrepreneurs and businesses to resources
Bluegrass Business Development Partnership
2013 Excellence in Economic Development Award for rent subsidy incen:ve Program
2010 EDA Innova:on Award for collabora:ve efforts to promote economic development in the region
![Page 22: Research,)Technology)Transfer)and)Entrepreneurship ... · State’ini3aves’have’spurred’highFtech’company’growth’ 1999 Kentucky) Science& Technology) Strategy 2000 Kentucky)](https://reader033.fdocuments.us/reader033/viewer/2022052010/601ff124cad6e068516326cc/html5/thumbnails/22.jpg)
Collabora3ve efforts have had a posi3ve impact on startup companies and the Bluegrass Region
• Successful Startups • Economic Indicators
![Page 23: Research,)Technology)Transfer)and)Entrepreneurship ... · State’ini3aves’have’spurred’highFtech’company’growth’ 1999 Kentucky) Science& Technology) Strategy 2000 Kentucky)](https://reader033.fdocuments.us/reader033/viewer/2022052010/601ff124cad6e068516326cc/html5/thumbnails/23.jpg)
Brockman HasAngs, LLC Implantable op3cal intraocular pressure sensors for improved glaucoma treatment that reduce vision loss for glaucoma sufferers by crea3ng a simple, accurate and clinically acceptable sensor for monitoring intraocular pressure.
$435,186+ in non-‐diluted funds 2010 EPSCoR funds to file patent applica3on 2010 $4000 KY SBIR-‐STTR Phase 0 grant 2011 $75,000 KY Commercializa3on Fund Award 2012 $206,786 NIH SBIR Phase 1 grant 2012 $150,000 KY SBIR-‐STTR Match for Phase 1 2012 Leased space in ASTeCC
![Page 24: Research,)Technology)Transfer)and)Entrepreneurship ... · State’ini3aves’have’spurred’highFtech’company’growth’ 1999 Kentucky) Science& Technology) Strategy 2000 Kentucky)](https://reader033.fdocuments.us/reader033/viewer/2022052010/601ff124cad6e068516326cc/html5/thumbnails/24.jpg)
3D scanners that use proprietary op3cs and algorithms to make real-‐3me 3-‐D measurements faster, cheaper and more accessible. Applica3ons in dental imaging, medical, security, and industrial.
Investment funds
• 2007 $48,746 KY Commercializa3on Fund • 2010 Leased space in ASTeCC • 2010 Licensed technology from the UK • 2011 Closed Series A funding round.
• Led by Mitsubishi Venture Capital, with the Bluegrass Angles, Commonwealth Seed Capital, and the KSTC
• 2011 Hired two graduate students • 2012 Closed a funding round through a conver3ble note
• (same investors)
• 2012 Raised first tranche of Series B financing, • Led by Mitsubishi Venture Capital, with the Bluegrass Angels, the BGA Fund II,
and Commonwealth Seed Capital
![Page 25: Research,)Technology)Transfer)and)Entrepreneurship ... · State’ini3aves’have’spurred’highFtech’company’growth’ 1999 Kentucky) Science& Technology) Strategy 2000 Kentucky)](https://reader033.fdocuments.us/reader033/viewer/2022052010/601ff124cad6e068516326cc/html5/thumbnails/25.jpg)
Precision tooling for the micro-‐manufacturing field, focused on precision-‐molded components for the telecommunica3ons, biotechnology, aerospace, energy and defense industries
$487,150 in non-‐diluted funds • $300,000 grant from NSF and the Department of Educa3on • 2000-‐2007 developed a new manufacturing system • 2007-‐2012 developed and commercialized under AMT Nano • 2011 $3,150 Phase 0 SBIR • 2011 $90,000 Phase 1 SBIR • 2012 Became Hummingbird Nano • 2012 $90,000 Phase 1 NIST SBIR matching grant • 2012 $4,000 Phase 00 SBIR • 2012 Leased space at Coldstream Research Center
![Page 26: Research,)Technology)Transfer)and)Entrepreneurship ... · State’ini3aves’have’spurred’highFtech’company’growth’ 1999 Kentucky) Science& Technology) Strategy 2000 Kentucky)](https://reader033.fdocuments.us/reader033/viewer/2022052010/601ff124cad6e068516326cc/html5/thumbnails/26.jpg)
Collabora3ve efforts have had a posi3ve impact on startup companies and the Bluegrass Region
• Successful Startups • Economic Indicators
![Page 27: Research,)Technology)Transfer)and)Entrepreneurship ... · State’ini3aves’have’spurred’highFtech’company’growth’ 1999 Kentucky) Science& Technology) Strategy 2000 Kentucky)](https://reader033.fdocuments.us/reader033/viewer/2022052010/601ff124cad6e068516326cc/html5/thumbnails/27.jpg)
0
10
20
30
40
50
60
70
80
90
2006 2007 2008 2009 2010 2011 2012
FUNDING ($M)
Collabora3ve efforts have had a posi3ve impact on the Bluegrass Region economy
0
20
40
60
80
100
120
140
160
2006 2007 2008 2009 2010 2011 2012
REVENUES PRODUCED ($M)
![Page 28: Research,)Technology)Transfer)and)Entrepreneurship ... · State’ini3aves’have’spurred’highFtech’company’growth’ 1999 Kentucky) Science& Technology) Strategy 2000 Kentucky)](https://reader033.fdocuments.us/reader033/viewer/2022052010/601ff124cad6e068516326cc/html5/thumbnails/28.jpg)
Collabora3ve efforts have had a posi3ve impact on the Bluegrass Region economy
0
50
100
150
200
250
300
350
400
450
2006 2007 2008 2009 2010 2011 2012
NEW HIRES
0
100
200
300
400
500
600
700
800
900
2006 2007 2008 2009 2010 2011 2012
TOTAL EMPLOYMENT
Average salary in 2012 -‐ $68,067
![Page 29: Research,)Technology)Transfer)and)Entrepreneurship ... · State’ini3aves’have’spurred’highFtech’company’growth’ 1999 Kentucky) Science& Technology) Strategy 2000 Kentucky)](https://reader033.fdocuments.us/reader033/viewer/2022052010/601ff124cad6e068516326cc/html5/thumbnails/29.jpg)
Assistant Vice President Commercializa3on & Economic
Development Bluegrass Business Development Partnership
Taunya Phillips Walker
QUESTIONS?